Cannabis Testing Market to Reach Highest Growth Line at 13.2% CAGR till 2026 – by CannaSafe Analytic – PharmiWeb.com

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

The Global Cannabis Testing Marketby Product Type (Analytical Instruments [Chromatography Instruments {Liquid Chromatography, Gas Chromatography, and Others} Spectroscopy Instruments [Mass Spectroscopy and Atomic Spectroscopy], Consumables and Breathe Analyzer), By Service Type (Potency Testing, Terpene Testing, Pesticide Testing, Residual Solvent, Heavy Metal Testing, Mycotoxin, and Microbial Testing, and Others), By End Users (Testing Laboratories, Drug Manufactures, and Research Institutes ), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 926.3 million in 2017 and is projected to exhibit a CAGR of 13.2 % over the forecast period (2018 – 2026).

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Approval of cannabis for medical and recreational purpose to drive growth of the cannabis testing market

Since recent past, cannabis have been extensively researched for its medicinal applications in treatment of chronic pain, arthritis, digestion problem, epilepsy, and other neurological disease. This research is resulting into legalization of cannabis in many parts of the world and introduction of cannabis-based pharmaceutical products. For instance, in July 2017, 18 states in the U.S. allowed the use of Cannabidiol (CBD) extract, majorly in oil form with minimal tetrahydrocannabinol (THC) content to be used for the treatment of epilepsy or seizures in adversely affected children. States in U.S. such as California, Nevada, Maine, and Massachusetts voted positive to legalize the recreational use of cannabis in November 2016. Therefore, legalization would result into requirement of quality testing of cannabis, which is expected to drive growth for cannabis testing market. Cannabis are often contaminated with heavy metals and pesticide residue due to

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